As predicted yesterday, MFI is oversold but RSI is not there yet.
There's a chance that RSI might need to hit oversold as well, then we get a rally..... or we could rally from the gap, This is the final bit of "bad" news we were waiting for.
There's a chance that RSI might need to hit oversold as well, then we get a rally..... or we could rally from the gap, This is the final bit of "bad" news we were waiting for.
Nota
MFI is out of oversold territory, appears rally off the gap was the correct answer, lol.Nota
Ya know.... it would be nice if you guys stopped by and gave me a pat on the back, lol. Not really sure if it's just a breakout or if the big boys turned their algos back on.
Nota
Algos are back on obviously, but I'll post a plot for ES because it's more obvious.
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.